Accounts receivable that will likely remain uncollectable and will be written off.
Debt that is unlikely to be recoverable.... more on: Bad Debt
A debt, the collection of which is believed to be impossible.
a debt that is unlikely to be paid, probably because of insolvency or fraud.
An outstanding amount due which is not settled nor paid. This is normally charged against the P&L and written off in the balance sheet.
Bad debts for income tax purposes are divided into two types: business bad debts and nonbusiness bad debts. In order to get the more favorable tax treatment as a business bad debt, the taxpayer must meet the business debt requirements under the tax law.
A debt which is considered to be uncollectable and is, therefore, written off either as a charge to the profit and loss account or against an existing doubtful debt provision.
debt that is written off and deemed uncollectible.
Makes you poor: debt for something that buys a liability that takes money out of your pocket.
Uncollectible accounts that are encountered due to poor credit decisions, aggressive credit policy or an unpredictable event.
An account receivable which is not collectible and charged off by creditors.
Debt that can not be collected. Credit scores help prevent bad debt.
If the requirements of the tax law are met, a tax deduction is allowed for bad debts, which comprise (1) business accounts receivable that were included in income in a prior year and are now uncollectible, (2) legitimate debts owed to the taxpayer that are now totally worthless and uncollectible, and (3) debts the taxpayer must pay because he guaranteed them in connection with his business or for a profit.
a debt that is unlikely to be repaid
a debt that is considered not recoverable after appropriate steps have been taken to recover it
a term used to describe an accounts receivable balance that has become totally or partially uncollectable
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A debt which is unlikely to be paid
Loan balance that is considered uncollectible and written off as a loss by a firm.
A debt that a lender has determined the borrower is not going to repay.
A debt that has not been paid by the due date and has been recorded by a credit reference agency.
A person or company who is not expected to pay his debt; for example, because the company has gone into liquidation. Bad debts must be written-off and therefore they will reduce profit.
Balance Sheet a debt with little chance of being recovered and written off as a loss. a statement of assets, liabilities and net equity for an enterprise at a point of time.
A debt that is not repaid and is therefore of no use to the creditor.
Amounts deemed uncollectible primarily because of a patient's unwillingness to pay as determined after collection efforts.
open account balance or loan receivable that has proven uncollectible and is written off.
Any debt that is delinquent and has been written off as uncollectible.
Occurs when someone owes you money that you cannot collect. The amount owed may be deductible when calculating your tax for the year the debt becomes worthless. A debt must be genuine to be deductible as a loss. A debt is genuine if it arises from a debtor-creditor relationship based on a valid and enforceable obligation to repay a fixed or determinable sum of money. There are two kinds of bad debts: business bad debts and nonbusiness bad debts.
Open balance or loan receivable that is considered uncollectible and is written off by a firm. (Reserves are usually maintained for uncollectible accounts.) The relationship of recoveries and write-offs to accounts receivable can indicate a firm's credit and charge-off policies. See: Accounts Receivable
Debt that is uncollected after several attempts. Sharp HealthCare uses an agency, Progressive Management Systems, to collect on bad debt accounts.
A bad debt is a debt owed to a business that is not expected to be received. This may arise, for example, as a result of the insolvency of a customer who had been buying products on a credit basis. Bad debts are written off either as a charge to the profit and loss account or against an existing doubtful debt provision.
A loan that is in arrears and the lender has little chance of recovering the outstanding debt. The lender may write the amount off as a loss.
Debt with little chance of being recovered and which is written off as a loss.
An outstanding accounts receivable that is proven to be not collectible and is therefore written off.
An uncollectible account receivable.
All or portion of an ACCOUNT, loan, or note receivable considered to be uncollectible.
A debt that is not collectible and is therefore worthless to the creditor.
Debt that has been written off and sent to a collection agency for payment.
A payment obligation which has not been made; the term is usually used in connection with debts that have been written off.
In accounting and finance, bad debt is the portion of receivables that can no longer be collected, typically from accounts receivable or loans. Bad debt in accounting is considered an expense.